Polar Asset Management Partners Inc. Invests $3.74 Million in HCM II Acquisition Corp. $HOND

Key Points

• Polar Asset Management Partners Inc. invested approximately $3.74 million in HCM II Acquisition Corp., acquiring 355,845 shares and holding 1.24% of the company's stock.
• Other notable investments in HCM II Acquisition during the first quarter include $21.15 million from Linden Advisors LP and around $20.72 million from Magnetar Financial LLC.
• As of the latest trading, HCM II Acquisition Corp. stock is up **0.9%**, with a current price of $11.60 and a 1-year trading range spanning from a low of $9.90 to a high of $12.24.

Polar Asset Management Partners Inc. purchased a new position in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 355,845 shares of the company's stock, valued at approximately $3,743,000. Polar Asset Management Partners Inc. owned approximately 1.24% of HCM II Acquisition at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Encompass Capital Advisors LLC purchased a new position in HCM II Acquisition in the 1st quarter worth approximately $10,006,000. Linden Advisors LP purchased a new position in HCM II Acquisition in the 1st quarter worth approximately $21,150,000. Magnetar Financial LLC purchased a new position in HCM II Acquisition in the 1st quarter worth approximately $20,719,000. MMCAP International Inc. SPC purchased a new position in HCM II Acquisition in the 1st quarter worth approximately $10,310,000. Finally, Mizuho Securities USA LLC purchased a new position in HCM II Acquisition in the 1st quarter worth approximately $271,000.

HCM II Acquisition Stock Up 1.7%

Shares of HOND traded up $0.20 during mid-day trading on Wednesday, hitting $11.71. 701,337 shares of the stock were exchanged, compared to its average volume of 311,669. HCM II Acquisition Corp. has a 52-week low of $9.90 and a 52-week high of $12.24. The firm has a 50-day moving average of $11.25 and a two-hundred day moving average of $11.00.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.